State Apportionment
A powerful solution to streamline state and city apportionment data and calculations.
Latest News
Werfel to resign Monday as IRS commissioner
Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right direction to improve taxpayer services and start instituting modern technologies.”
Final regs address taxes on gifts to taxpayers from ex-U.S. citizens, residents
The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.
SEC accepting Professional Accounting Fellow applications
The SEC’s Office of the Chief Accountant is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2025.
Final regs. address resolution of federal tax controversies by Appeals
The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.
IRS testing changes to alternative dispute resolution programs
New pilot programs involve fast-track settlements and post-appeals mediation.
Skadden appoints ex-Baker McKenzie partner as London tax disputes head
Patrick O’Gara, who is rated as a ‘highly regarded practitioner’ by World Tax, had spent over 20 years at Baker McKenzie
This week in tax: KPMG moves closer to forming US law firm
If approved, it would become the first ‘big four’ firm to practise law in the US; in other news, Morrison Foerster hired a new global tax co-chair
Tax Systems launches pillar two compliance and reporting software
A ‘second piece of the puzzle’ for the software regarding filing requirements is still to arrive, Tax Systems’ chief solutions officer Russell Gammon tells ITR
Tax specialist Carey assumes IBA’s top role
Jaime Carey wishes to broaden the IBA’s visibility in Africa and Asia during his tenure
Tax disputes a chief concern for 25% of in-house lawyers
Baker McKenzie’s survey of 600 corporate counsel also found that global employee mobility issues were a key driver of tax controversy
Donald Trump vows to create an External Revenue Service
The ‘birth date’ of the service, which will collect tariffs, duties and other foreign revenue, will be January 20
Implementation of a new VAT rate at forefront of Indonesian tax updates
Jeklira Tampubolon and Julius Wahyu Daryono of GNV Consulting also summarise regulations concerning customs and excise bookkeeping and an import duty exemption for goods used in government projects financed by foreign loans and/or grants
This month in indirect tax: EU cuts VAT gap but more to be done
Goods and services key to Africa’s tax revenue; electronic exemptions come to Europe; UK private school VAT challenge reaches High Court
Tax arbitration in Portugal: a success story in developing indirect taxation jurisprudence
Serena Cabrita Neto of Cuatrecasas explains how the Administrative Arbitration Centre’s ability to make preliminary references to the Court of Justice of the European Union has helped assimilate EU tax jurisprudence in Portugal
Brazil’s tax reform journey: a long road, with further challenges ahead
Fernando Silva of Vertex provides a guide to the ambitious transformation of Brazil’s complicated tax landscape, and says careful navigation will be required to negotiate dual VAT and phased implementation
Italy introduces new documentation requirements for anti-hybrid mismatch rules
Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente explain the conditions that transfer pricing documentation must satisfy to allow taxpayers to benefit from Italy’s penalty protection regime concerning hybrid mismatches
ITR’s European litigation report finds firms raring for TP disputes
Firms are starkly divided on the benefits of specialist tax litigation teams over generalist practices, ITR’s analysis also finds
Amount B reservations holding up pillar one agreement, OECD reveals
Just one member objected to the multilateral convention on amount A, citing concerns over amount B
Tax disputes a chief concern for 25% of in-house lawyers
Baker McKenzie’s survey of 600 corporate counsel also found that global employee mobility issues were a key driver of tax controversy
Pillar two to target 49% of shifted corporate profits: Slovakia report
Multinationals will continue to shift profits out of Slovakia to EU member states despite pillar two’s implementation, according to the report
